Most major market indexes rallied through the course of the week both in anticipation of, and following, the U.S. Election. The final voting day was Tuesday November 3rd.

The first to reach 270 Electoral Votes will be the presumptive winner. Virtually all major news outlets give Biden the current lead in the “Race to 270”, though the precise Electoral Vote count varies somewhat depending on the news outlet.

Joe Biden is the current betting favourite to win the election, and markets have experienced a “relief rally” of sorts as the votes have continued to improve Biden’s prospects. It should be noted that it may be some time before Biden officially clinches the election, as President Trump is likely to challenge some results and/or demand recounts in tightly-contested states.

In our September E-Newsletter, we wrote in greater detail about the expected market implications following the election. You can read that article here.

Weekly Update – By The Numbers

North America Friday Close Weekly Change Weekly % Change YTD % Change
Canada – S&P TSX Composite 16,283 702 4.51% -4.57%
USA – Dow Jones Industrial Average 28,323 1,821 6.87% -0.75%
USA – S&P 500 3,509 239 7.31% 8.60%
USA – NASDAQ 11,895 983 9.01% 32.56%
Gold Futures (USD) $1,951.50 $74.10 3.95% 28.39%
Crude Oil Futures (USD) $37.49 $1.70 4.75% -38.75%
CAD/USD Exchange Rate € 0.7762 € 0.0252 3.36% 0.81%
         
Europe / Asia Friday Close Weekly Change Weekly % Change YTD % Change
MSCI World Index 2,470 177 7.72% 4.75%
Switzerland – Euro Stoxx 50 3,204 246 8.32% -14.51%
England – FTSE 100 5,910 320 5.72% -21.78%
France – CAC 40 4,961 367 7.99% -17.01%
Germany – DAX Performance Index 12,480 924 8.00% -5.80%
Japan – Nikkei 225 24,325 1,348 5.87% 2.82%
China – Shanghai Composite Index 3,312 87 2.70% 8.59%
CAD/EURO Exchange Rate € 0.6448 € 0.0018 0.28% -6.06%
         
Fixed Income Friday Close Weekly Change Weekly % Change YTD % Change
10-Year Bond Yield (in %) 0.8200 -0.0400 -4.65% -57.27%

 

 

Source: Yahoo! Finance, CNBC.com

This information is provided for general information purposes only. It does not constitute professional advice. Please contact a professional about your specific needs before taking any action.